Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
https://www.business-live.co.uk/enterprise/thg-puts-180-jobs-risk-26638780
What will it be …..
I’m going with scenario 1
1) Auction at 8am bottoming out at 2.4p - Poor comms delivered RNS
2) Positive announcement = mass sell off by private investors sick of miss management c7-8p
3) Boom announcement - In talks with a number of interested parties - 12p
Wave goodbye to 20p although I hope for all concerned that this pays off!
I think if a takeover happens even with the debt it will come at a premium to current SP. The current MC of under £20m is not going to hold any deal up from progressing particularly if someone is willing to take on the debt which again isn’t insurmountable vs the reported upside of conversions.
The risk is cash flow / time which could result in total wipeout. I can’t see happening. If the banks can see material results from the conversions then the likelihood is they’ll extend the facility and let it play out, also as someone has said the VC market is hot at the minute and this will be on a few peoples radars. Decent money could be made, maybe just too little too late from the current regime.
Watching closely and might put my toe back in depending on where SP ends up on Monday.
It’s certainly going one way or another based on Mondays RNS.
Strap in and GL to you all
It was sky news who released ‘exclusive’ regarding fund raise last time (also on a Saturday). Don’t think article will be too far from the truth.
Imagine being a fly on the wall if he’s gambled away £3m (10 Years take home pay) in 6 months.
Well 7am Monday it is chaps
Suspect c2p might be order of the day unless he has something to pull out the bag.
Surely got to be an interested buyer at these levels.
GL to all holding and hoping for a favourable outcome for you all.
J
Sell @ 6.5353
No update from BOD creating uncertainty - Got to keep reminding ourselves why we are here. Cannot understand why people are selling @ this level.
Positives
Sales uplift in Morrison daily roll out formats - Rebranding 'strong' with better than expected ROI
Wholesale agreement extended with Morrisons
Improved cash margin from sales uplift / better more sustainable mix
Roll Out - Full steam ahead and potentially transformational
Store optimisation program completed
CEO has skin in the game - Further £3m invested at capital raise 20p
Market Cap low
Potential takeover target with two of the big players already purchased Morrisons and Asda (Potential VC opportunity if not bought by direct competitor)
Post offices in sites massive plus with reduced high street presence in banks - Impulse spend - Quality supermarket produce/offers
Uber eats Trial
Low amount of free float shares
Negatives
Market sentiment - Share price down from 20p placement at back end of 2021
Debt c£100m
Potential rising interest rates making debt more expensive to manage
Poor/little in the way of market re-assurance from the board
Unknown
Banking facility review
Finalised 21 numbers - Due in March - Although should be in reduced range that was reported
Q1 trading including store conversion numbers / performance
Any initiatives put in place - Revenue generating or cost reduction
Always just a generic response from investor relations.
You’d have to assume the II are putting pressure on the BOD as like you say, needs to two bag just to get to levels of recent fundraise never mind a ROI.
Surely they can’t wait until 21st March for an update - share price could be anything by then the way we are trending.